Hotel Leela Venture Challenges ITC's Claims

17 Apr 2024 CW Team

Hotel Leela Venture has contested claims made by ITC regarding shareholder oppression, following ITC's acquisition of a significant stake in the company. The dispute highlights the complexities surrounding corporate governance and shareholder rights in the hospitality industry.

ITC, a diversified conglomerate, had acquired a substantial shareholding in Hotel Leela Venture, prompting allegations of shareholder oppression from the latter. Hotel Leela Venture has now taken legal action to challenge these claims, signalling a potential escalation in the ongoing conflict between the two entities.

The dispute underscores the challenges faced by companies operating in the highly competitive hospitality sector, where strategic alliances and acquisitions are common. Corporate governance issues, including shareholder rights and minority protection, are of paramount importance in such transactions, and disputes often arise when stakeholders perceive their interests to be compromised.

Hotel Leela Venture's decision to challenge ITC's claims reflects its commitment to safeguarding the interests of its shareholders and preserving its corporate autonomy. The outcome of the legal proceedings will likely have significant implications for both companies and could shape the future trajectory of their relationship.

As the hospitality industry continues to evolve, regulatory scrutiny and investor activism are expected to increase, placing greater emphasis on transparency and accountability in corporate dealings. Resolving disputes such as the one between Hotel Leela Venture and ITC will require careful deliberation and adherence to legal principles governing corporate governance and shareholder rights.

Infrastructure Urban

23 Sep 2025

India and ADB Sign $125 Million Loan for Assam Urban Upgrade

The Government of India and the Asian Development Bank (ADB) on September 22, 2025, signed a $125 million loan agreement to improve urban livability and climate resilience in six district headquarters and Guwahati, Assam.The agreement was signed by Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of India, and Mio Oka, Country Director, India Resident Mission, ADB. The Assam Urban Sector Development Project will benefit approximately 360,000 residents by providing continuous metered water supply and upgraded stormwater management systems, while st..

CDS Opens First Tri Services Academia Technology Symposium in New Delhi

Chief of Defence Staff (CDS) General Anil Chauhan inaugurated the first edition of the Tri Services Academia Technology Symposium (T-SATS) at the Manekshaw Centre, New Delhi, on September 22, 2025. The two-day symposium aims to strengthen collaboration between academia, R&D institutions, and the Armed Forces to develop futuristic technologies for national defence.The event brought together Directors, Heads of Departments, and students from 62 premier institutions, including IISc, IITs, IIITs, and leading private technology institutes. In his address, the CDS underlined the changing nature ..

HQ IDS Hosts CORE Programme on Civil-Military Engagement

Headquarters Integrated Defence Staff (HQ IDS) has launched the Combined Operational Review and Evaluation (CORE) Programme, a five-day initiative being held from September 22 to 26, 2025, at the United Service Institution of India, New Delhi.The CORE Programme is a unique platform that brings together senior officers of the Indian Armed Forces and officials from the ministries of Defence, External Affairs, and Home Affairs for civil-military engagement on national security.Key themes of the programme include regional and global security challenges, the impact of technological transformation o..